• 963sqm (more or less) freehold site over two titles
• Holding income provides flexibility for purchasers
• Favourable zoning - high-density residential
• Excellent location with convenient access to the township
This site is located only a few minutes' walk from the Queenstown town centre, and it offers a prime position surrounded by a mixture of visitor accommodation facilities and residential housing. Holding income provides flexibility for both developers and investors; the current fixed tenure runs until February 2026. The current owners are in the process of finalising a resource consent to construct a motel facility on the property, this presents as a significant add-value proposition for purchasers. However, considering the desirable High Density Residential zoning, there are a multitude of development options the site can accommodate.
Queenstown is arguably New Zealand's premier tourism region, with continued demand for both visitor accommodation and housing. Given the development-friendly sites' proximity to the town centre, all developers, investors, and land bankers should consider.
To be sold by Auction at 11am, Friday the 19th of September 205 (unless sold prior).
Call now for further information. Please contact:
William Gubb
+64 21 145 6811
william.gubb@bayleys.co.nz
Tommy Zhang
+64 21 760 889
tommy.zhang@bayleys.co.nz
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